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Learn to analyze the market yourself It's not difficult I present information that may be useful for beginners The fear and greed index It is an important indicator because it reflects the current buying and selling situation on Bitcoin $BTC and is of course reflected in the cryptocurrency market as a whole. Simply put, it is a numerical indicator from 1 to 100. The larger the number, the more buying (greed) and the smaller the number, the more selling (fear). That's why it is an important indicator that must be taken into account when you make the decision to buy or sell, but do not forget the other factors that affect the market #MarketDownturn #BitcoinMarket #Binance #bitcoin #BTC
Bitcoin $BTC crosses the $60,000 barrier amid limited trading activity dominated by buying operations, which renewed the hopes of many for it to continue rising again in conjunction with the current recovery movement in the markets #MarketDownturn #Binance #bitcoin #BTC #BitcoinMarket
Bitcoin prices stabilized $BTC after gains achieved during yesterday's trading with a state of market recovery. This may have an echo in achieving a relative rise in prices, and Bitcoin may exceed the $60,000 barrier, where it finds strong resistance. This was reflected in Bitcoin purchases that continued to rise during the past 24 hours with further acquisition of digital gold. #MarketDownturn #Binance #bitcoin #BTC #BitcoinMarket
Bitcoin $BTC continues to fall below $58,000 despite economic data indicating that the US Federal Reserve will cut interest rates next September, with selling movements continuing during the past 24 hours.
With our expectations of further decline to approximately $55,000 during today's trading
Bitcoin $BTC disappoints many and continues to decline amidst large sales within 24 hours. Has Bitcoin started to be eliminated before the big collapse? Our expectations are limited trading for Bitcoin today and that it will fall below $57,000 with the continuation of successive declines in the short term and perhaps in the medium term #MarketDownturn #BitcoinMarket #Binance #bitcoin #BTC
#توجه_السوق_اليوم The market may be going through a state of anticipation to change its direction, but we believe that Bitcoin $BTC will fall below $60,000 during today's trading, and the market is still volatile amid limited trading #MarketDownturn #BitcoinMarket #bitcoin
Bitcoin $BTC continues to rise above $61,000 after the announcement of the US producer price data came in lower than expected, with many betting on a Fed rate cut at its next meeting #MarketDownturn #BitcoinMarket #Binance #BTC #bitcoin
Sharp fluctuations in the digital currency market in general and Bitcoin $BTC in particular, and Bitcoin is expected to continue its downward trend and may fall below the support level at $57,000 due to the state of fear and anxiety about market fluctuations and the hopes of many to seize the opportunity of lower prices to obtain more Bitcoin, but the matter is not without a lot of speculation that increases price fluctuations $ETH $BNB #MarketDownturn #BitcoinMarket #Binance #bitcoin #BTC
Bitcoin $BTC falls by about 4% with a relatively high selling movement amid expectations of further declines in light of the decline in traders' morale, as the chart indicates a downward trend and perhaps further declines in the coming periods, especially with the return of the fear and greed index to the area of extreme fear, which was reflected in the cryptocurrency market in general. #MarketDownturn #BitcoinMarket #Binance #bitcoin #BTC $ETH $BNB
Will Bitcoin Continue Its Upward Trend Indefinitely?📈
Will Bitcoin Continue Its Upward Trend Indefinitely? 📈
Bitcoin has witnessed extraordinary growth over the years, sparking speculation about whether this trend will persist without end. As a prominent digital asset, Bitcoin’s future value is influenced by several key factors. Let’s break down what to consider:
- Limited Supply 🚧 - Bitcoin is capped at a total supply of 21 million coins. As more individuals and institutions adopt Bitcoin, its scarcity could push prices higher. However, this doesn’t guarantee continuous growth without fluctuations.
- Halving Events 🪓 - Bitcoin experiences a “halving” event approximately every four years, which reduces the rate at which new Bitcoins are created. This mechanism slows the supply increase, potentially driving up prices over time. Nonetheless, it also means that the rate of growth could decelerate as fewer new Bitcoins are introduced.
- Adoption and Demand 📈 - Increasing adoption by both individuals and institutions may boost Bitcoin’s value. Generally, higher demand leads to elevated prices. However, the pace at which Bitcoin gains mainstream acceptance is a critical factor.
- Market Cycles 🔄 - Bitcoin, like other assets, undergoes market cycles characterized by phases of rapid growth and subsequent corrections. These cycles suggest that Bitcoin’s value might increase, but it is unlikely to rise consistently without periods of adjustment.
- External Factors 🌐 - Various external factors such as regulatory changes, technological advancements, and macroeconomic conditions impact Bitcoin’s price. These elements can either drive Bitcoin’s value higher or introduce volatility that could constrain growth.
Conclusion: Bitcoin holds significant promise for future appreciation, but it’s improbable that it will rise indefinitely without encountering corrections or periods of stagnation. Factors such as its limited supply, halving events, and growing adoption could contribute to long-term value increases, but it's crucial to remain cognizant of the inherent complexities and risks. $BTC
Bitcoin $BTC breaks the support barrier and drops below $59,000 amid fears of a market collapse as happened previously. After the market recorded a state of relative stability in prices over the course of a week at the level of $60,000 - $61,000, it has now dropped below $59,000 and its price ranges between $58,400 - $59,200. Expectations indicate that it may drop below $57,000 #MarketDownturn #BitcoinMarket #Binance #BTC #bitcoin
Fed Governor Bowman Expresses Concerns Over High Inflation
According to BlockBeats, on August 11, Federal Reserve Governor Michelle Bowman stated that inflation remains 'uncomfortably' above the target level. She highlighted the ongoing risks of rising inflation and the continued strength of the labor market, indicating that she might not support a rate cut at the next Federal Reserve meeting in September.
Bowman acknowledged the progress made in reducing inflation in May and June as positive but emphasized that inflation is still above the Federal Reserve's 2% target, which is concerning. She mentioned that she would adopt a cautious approach when considering adjustments to the current policy stance. Additionally, Bowman pointed out that U.S. fiscal policy, immigration pressures on the housing market, and geopolitical risks could contribute to upward pressure on housing prices. She also noted that the recent increase in the unemployment rate to 4.3% might overstate the cooling of the labor market.
If you are a beginner, what do you do? Step by step and you will be able to start... At first, when you register on Binance, it asks you whether you are a beginner or a professional. Please choose beginner so that you are on the version for beginners. In this version, everything is simplified, and Binance aims to protect you, so do not rush and move to the professional version.